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Personal lines and reinsurance stable, commercial lines negative

The personal lines segment and reinsurance lines’ ratings are stable for this year, while commercial lines turned from stable to negative, A.M. Best reported. Personal lines will remain stable,...

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Pacific Life buying reinsurance block from Manulife

Pacific Life is going to acquire a large block of mortality retrocession and reinsurance business from Manulife Financial Corp. The transaction will be structured as a series of reinsurance agreements...

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White Mountains Re is rebranded, reorganized as Siruis Group

White Mountains Insurance Group completed a reorganization and rebranding of its global reinsurance business as the Sirius Group. The business had been known as White Mountains Re. “We are pleased to...

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Chartis procures $575M protection against hurricanes, earthquakes

A New York, N.Y.-based insurance company entered a reinsurance agreement with another insurer that will provide $575 million in protection against hurricanes and earthquakes in the U.S. Compass Re,...

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Calif. insurance commissioner ‘pleased’ two NAIC model bills advancing

California’s insurance commissioner said he was “pleased” that the California Senate approved two bills regarding reinsurance and insurer-related holding company systems. Dave Jones The California...

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Reinsurers on hook for $5 billion if London Olympics are canceled

A global reinsurer estimates that canceling the Olympics, which begin July 27 in London, in the event of a major disaster would cost $5 billion. Munich Re, a Germany-based reinsurer with an exposure of...

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Signs look good for medical professional liability insurance sector

The outlook for the medical professional liability sector appears to be positive, according to panelists at CAS 2012 Seminar on Reinsurance in Boston. Decreases in frequency of claims among healthcare...

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SIIA, federal regulators discuss health reform’s reinsurance fees

Officials from a self-insurance industry trade group met recently with federal officials to discuss a transitional reinsurance program included in the federal health reform law. Members of the...

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M&A activity for property-casualty, reinsurance focuses on global...

Global merger and acquisition activity in the property/casualty and reinsurance industries continued at a steady pace in the first half of 2014, according to A.M. Best. Based on A.M. Best research, 35...

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A.M. Best: Appearances can be deceiving with global reinsurance

Despite the combined persistence of pricing declines, increased commissions and tougher terms and conditions, the reinsurance industry generated solid results in 2014 with strong combined ratios and...

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